CLOs Stage a Comeback; Shipping’s in Dire Straits
The Credit Edge by Bloomberg Intelligence
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The Future of Leverage Loans
I still think that we're underestimating them given the pressures from lower earnings and much, much higher rates. I mean, we have to think about losses in leverage loans at some point. So it's anticipated and will very much depend on the course of trajectory of the economy. There's a lot of people who think now that the US is going to avoid a big recession. If we have a protracted recession because of rate hikes and the economy contracts and we will have a much bigger problem.
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